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-At Every Level of GDP the MPC and MPS

Question 17

Multiple Choice

-At every level of GDP the MPC and MPS: A) are 1/2 and 1/2 respectively. B) are equal to the 3/4 and 1/4 respectively. C) are 4/5 and 1/5 respectively. D) cannot be determined from the information given.
-At every level of GDP the MPC and MPS:


A) are 1/2 and 1/2 respectively.
B) are equal to the 3/4 and 1/4 respectively.
C) are 4/5 and 1/5 respectively.
D) cannot be determined from the information given.

Correct Answer:

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